Current SNX Price & Market Overview
Synthetix Price: $0.576
24h Change: -4.7%
Market Cap: $197.89M (0.01% of total crypto market)
24h Trading Volume: $3.49M
Price Range (24h)
- Low: $0.571
- High: $0.608
About Synthetix (SNX)
Synthetix is a decentralized protocol for creating synthetic assets on Ethereum and Optimistic Ethereum. By staking SNX tokens, users can mint synths—on-chain assets that track real-world values without requiring counterparties. This model solves liquidity and slippage issues common in decentralized exchanges.
Key Features:
- Pooled Collateral System: Enables instant conversions between synths
- Supported Products: Perpetual futures, spot synths, and financial derivatives
- Staking Rewards: SNX holders earn fees from protocol activity and inflation rewards
👉 Discover how Synthetix compares to other DeFi platforms
SNX Token Metrics
| Metric | Value |
|---|---|
| Max Supply | 339,889,850 SNX |
| Total Supply | 343,889,850 SNX |
| Circulating Supply | 343.47M SNX (101.1%) |
Synthetix Price History
- All-Time High (ATH): $28.63 (Feb 14, 2021)
- Current Price vs ATH: -98%
SNX/USD Converter Tool
[Embed interactive converter here]
Input your SNX amount to calculate equivalent USD value
FAQs About Synthetix (SNX)
What drives SNX token value?
SNX derives value from staking rewards, protocol fees, and its role as collateral for synthetic assets. As Synthetix adoption grows, demand for SNX increases.
How does Synthetix ensure liquidity?
The protocol uses a pooled collateral model where staked SNX backs all synthetic assets, eliminating reliance on order books or counterparties.
Is SNX inflation capped?
Yes—the maximum supply is hard-capped at 339,889,850 SNX (with current circulating supply slightly exceeding this due to staking incentives).
👉 Learn advanced staking strategies for SNX
Why Monitor SNX Price?
Tracking Synthetix price helps:
- Stakers optimize reward timing
- Traders identify DeFi market trends
- Developers assess protocol adoption
With its innovative synthetic asset model, Synthetix remains a key player in decentralized finance. Bookmark real-time SNX charts to stay updated on price movements and network activity.
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